Frankie Dettori, one of the most successful and popular figures in horse racing over recent decades, has announced that he is filing for bankruptcy after failing to resolve a dispute over unpaid tax. He expressed feelings of sadness and embarrassment over the situation, which he stated will have long-term consequences for him.
The dispute with tax authorities first became public in December 2024 when an injunction preventing his identification was lifted. At that time, Dettori stated that he was working to sort out his financial affairs, which he attributed to mismanagement by former advisors. Despite months of attempts to resolve the issue, he has been unable to reach a satisfactory conclusion.
In a recent statement, Dettori explained that his advisors had been working closely with tax officials to find a solution, but ultimately, filing for bankruptcy became unavoidable. He acknowledged the gravity of the decision and warned others to be more proactive in managing their finances.
Having enjoyed a highly successful career spanning 35 years, Dettori achieved numerous major victories both in Britain and internationally. Since the end of 2023, he has been living and riding in California. His farewell to the European racing scene was marked by a significant win in the Champion Stakes at Ascot, one of Britain’s most prestigious races.
Dettori’s fame extended beyond the racing world. He gained widespread recognition in 1996 when he accomplished the extraordinary feat of riding all seven winners on a single race card at Ascot. This achievement cemented his status as one of the sport’s most iconic figures.
His influence also reached television audiences, as he participated as a team captain for multiple seasons of a popular sports quiz show. Outside of racing, he ventured into the hospitality industry, co-founding a chain of restaurants in the UK and Dubai in partnership with a renowned chef.
Despite the setback, Dettori’s legacy in horse racing remains secure. His achievements on the track and his contributions to the sport have left an indelible mark. However, his financial difficulties serve as a stark reminder of the importance of careful financial management, even for those at the peak of their professions
